Tag: Manhattan



Chinese Investors fuel demand in Manhattan

Posted on 4 March, 2015 by Jodee Redmond under Worldwide Property News

Chinese investors’ appetite for Class A US commercial property is once again evident as the country’s Anbang Insurance Group, owner of the Waldorf Astoria Hotel, has agreed to buy 21 floors of an office building on Fifth Avenue in Manhattan. The... Read More

San Francisco Rental Values set to surpass Manhattan

Posted on 23 August, 2014 by Cliff Goodwin under Worldwide Property News

A surge in west coast leasing by high-tech companies looks set to make San Francisco the most expensive US office location. According to brokers CBRE, it will be the first time in more than a decade that Manhattan has lost its number one spot as America’s... Read More

Manhattan’s 530 Fifth Avenue sold for $595m

Posted on 6 July, 2014 by Cliff Goodwin under Worldwide Property News

The four-way partnership which owns a 26-storey office and retail building on Manhattan’s Fifth Avenue has to agreed sell the prestige property for a reported $595m (£349m). The current owners of 530 Fifth Avenue — Rockwood Capital, Jamestown,... Read More

Vornado set to make 50 per cent Profit on Three-Year Manhattan Office Deal

Posted on 3 February, 2014 by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

Three years after rescuing a Park Avenue office tower from default Vornado Realty Trust has put the Manahattan property on the market. Vornado — which has a stake in more than 20m square feet of Manhattan office space — has instructed Eastdil Secured to... Read More

Hudson Yards Developer chooses British Designer for Public Art Project

Posted on 4 November, 2013 by Neil Bird under Commercial Developments, Worldwide Property News

Stephen Ross, the chairman and CEO of New York real estate firm Related, has chosen British designer Thomas Heatherwick to create a work of public art for the firm’s Hudson Yards development. He will work alongside landscape artist Thomas Woltz to... Read More

Long-term Outlook for New Office Space in Manhattan Bright

Posted on 1 August, 2012 by Jodee Redmond under Worldwide Property News

The short-term outlook for office construction will be sluggish, according to a new report, but the New York Building Congress is forecasting better days ahead over the long term.... Read More